6 ms·

I don't think anyone claims the markets are 'perfectly' efficient. Even the people that believe they are efficient and choose to participate argue that they are

by yan 16y ago

I don't think anyone claims the markets are 'perfectly' efficient. Even the people that believe they are efficient and choose to participate argue that they are exploiting the inefficiencies.

orblivion 16y ago
Furthermore the real question is, could the market possibly be made more efficient if some "expert" were there deciding when a trade was a bad idea?
- WingForward 16y ago
  Probably.
  - jey 16y ago
    [citation needed] "Experts" are overrated. The whole notion is fundamentally backward-looking. You might as well consult a historian.
- eru 16y ago
  Shouldn't they be experts on both sides of all (or at least most) trades already?